Blockchain announces a brand new handheld hardware wallet

A new hardware wallet is incoming, and it’s going to be called Lockbox…

by Manoj Sharma for CNR

The cryptocurrency and distributed ledger software provider, Blockchain, has confirmed that it’s partnering with the hardware wallet manufacturer, Ledger, to develop a new hardware wallet dubbed Lockbox. The wallet will be tethered to the software wallet of Blockchain and the users can in theory feel the benefits from both services.

Blockchain launched its services in 2011 and has since been a pioneer in providing digital currency wallets on top of multiple other data services. The platform has created over 29.5 million wallets since then, and has also added Ethereum and BTC now in addition to Bitcoin.

The popular hardware wallet maker, Ledger will be creating the Blockchain wallet, Lockbox, that will come with custom design and firmware. As a consequent, it won’t be compatible with other Ledger platforms such as Ledger Live app.

Peter Smith, the co-founder, and CEO of Blockchain said that “we’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly.”

The popularity of hardware wallets has seen an exponential growth over the past year, driven heavily by concerns over security, and fuelled by the crypto thefts that continue to garner headlines.

Lockbox is similar to the other wallets, with additional security such as a mnemonic phrase card. Ripple also boasts that connecting with Lockbox will take only a few steps.